The crypto branch of Weiss Ratings, a financial ratings agency, has given Bitcoin (BTC), Ripple (XRP) and EOS (EOS) an “A” grade when it comes to technology adoption, though no projects have scored an “A” overall.
In the “Weiss Cryptocurrency Outlook (March)’”report, the firm analyzed over 120 cryptocurrencies, giving them technology adoption grades and overall ones.
EOS, Ripple and Bitcoin are followed by Ethereum (ETH), which scored an “A-” in technology adoption. As for overall ratings, EOS, XRP, Binance and Bitcoin scored a “B-“. Rounding out the top 10 are Ethereum, Litecoin (LTC), Cardano (ADA), Stellar (XLM), NEO, and TRON (TRX) which all scored a “C+”.
Interestingly, the report notes that EOS is a strong competitor to Ethereum and could be the backbone of a new internet. Meanwhile, they say that Ripple is “best positioned” to compete with the SWIFT global network.
Weiss Ratings founder, Martin D. Weiss., pointed out how factors such as transaction volume and network capacity are signs of a growing market:
Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. herefore, for those willing to take the risk, the best time to invest could be very near.
Weiss has released these ratings to give consumers, investors and businesses an idea of the amount of risk associated with investing in cryptocurrency projects.
The analysis also highlighted some emerging trends in the market, including growth in user transactions, technological improvement, improved security and consensus models, and better dapps.
An infographic summarizing the report can be viewed here.
